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Ray Dalio: Principles, the Economic Machine, Artificial Intelligence & the Arc of Life

Ray Dalio: Principles, the Economic Machine, Artificial Intelligence & the Arc of Life

Lex Fridman Podcast vor 6 Jahren

Ray Dalio is the founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates, one of the world's largest and most successful investment firms that is famous for the principles of radical truth and transparency that underlie its cultu...

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Ray Dalio is the founder, Co-Chairman and Co-Chief Investment
Officer of Bridgewater Associates, one of the world’s largest and
most successful investment firms that is famous for the
principles of radical truth and transparency that underlie its
culture. Ray is one of the wealthiest people in the world, with
ideas that extend far beyond the specifics of how he made that
wealth. His ideas, applicable to everyone, are brilliantly
summarized in his book Principles.

This conversation is part of the Artificial Intelligence
podcast. If you would like to get more information about
this podcast go to https://lexfridman.com/ai or connect with
@lexfridman on Twitter, LinkedIn, Facebook, Medium, or YouTube
where you can watch the video versions of these conversations. If
you enjoy the podcast, please rate it 5 stars on Apple Podcasts
or support it on Patreon.

This episode is presented by Cash App. Download it (App Store,
Google Play), use code “LexPodcast”.

Here’s the outline of the episode. On some podcast players you
should be able to click the timestamp to jump to that time.

00:00 – Introduction

02:56 – Doing something that’s never been done before

08:39 – Shapers

13:28 – A Players

15:09 – Confidence and disagreement

17:10 – Don’t confuse dilusion with not knowing

24:38 – Idea meritocracy

27:39 – Is credit good for society?

32:59 – What is money?

37:13 – Bitcoin and digital currency

41:01 – The economic machine is amazing

46:24 – Principle for using AI

58:55 – Human irrationality

1:01:31 – Call for adventure at the edge of principles

1:03:26 – The line between madness and genius

1:04:30 – Automation

1:07:28 – American dream

1:14:02 – Can money buy happiness?

1:19:48 – Work-life balance and the arc of life

1:28:01 – Meaning of life